Recessions are typically characterised by points:
A)inside the production possibilities curve.
B)outside the production possibilities curve.
C)on the production possibilities curve.
D)that are not attainable on the production possibilities curve.

Question

Quizplus · Accepted Answer

Recessions are characterized by underutilization of resources, leading to production points inside the production possibilities curve, indicating that the economy is not operating at full capacity.

Recessions Are Typically Characterised by Points